End-of-year tax planning

“Better together” is a phrase often used lightly, but when it comes to couples and their finances it couldn’t be more accurate. As Ryan Jackson, Associate Financial Planning Director at Rathbones, explains, simply using the tax allowances and reliefs already available to two people can create a genuinely meaningful boost to long‑term wealth. For many couples, the difference can be life‑changing.

Reaching £1 million in an Individual Savings Account (ISA) may feel ambitious, but our latest research shows it’s more achievable when investors combine steady contributions, tax‑efficient structures and long‑term discipline. These habits sit at the heart of our purpose: to help people invest well so they can live well.

Tax rules are changing in ways that will affect people with significant investments. Even if your income stays the same, frozen thresholds and rising rates on dividends, savings and property income mean your overall tax bill may increase.

Tax efficiency becomes increasingly important as you prepare for and begin drawing on your retirement savings. Making the right choices could help you reduce unnecessary tax bills and thereby significantly extend the life of your wealth and potentially help pass on more to loved ones.

If you want to improve your financial wellbeing but keep putting it off, you’re not alone. Many people know they should get their finances in order, but life gets in the way. The good news? Taking control of your money doesn’t need to feel overwhelming. With a clear plan and regular check‑ins, you can build financial confidence and make meaningful progress towards your ideal life.

Tax year end is more than just a formality.

It’s one of the key moments each year to review your planning. It’s an opportunity to make sure you’ve used available allowances, checked that your current approach is still appropriate, and considered how upcoming tax changes may affect you.

Senior Financial Planning Director Adebola Babatunde shares some of the key points he’s been discussing with clients as the end of the tax year approaches. These points are general in nature and may not apply in every situation, as the right approach will depend on your personal and business circumstances.

Managing your investments effectively means understanding capital gains tax (CGT) and how planning can help you keep more of your wealth. And every pound saved in CGT today could be a pound of compounding toward your wealth tomorrow.

Keep more, grow more. Every pound saved from tax today is a pound compounding tomorrow. Make sure you’re optimising your finances for tax purposes with our useful tips.

Make sure you’re not paying more tax than necessary by using your annual allowances effectively. Every pound you save in tax is a pound that can stay invested, compound, and grow your wealth for the future.

For higher earners, smart, early tax planning can play a crucial role in helping you keep more of your wealth. Working with a financial planner can simplify the process and ensure your strategy aligns with your long‑term goals. Every pound you save today is a pound that can help you build wealth in the future.